Forbes magazine has named MGM
MIRAGE one of the “Best Managed Companies in America,” as part of its
annual Forbes Platinum 400 list of top-performing big corporations. MGM
MIRAGE was cited alongside only 25 other companies and was recognized as
first in the “Hotels, restaurants and leisure” category. “This recognition reflects our company’s solid business practices,
financial viability, and outstanding performance,” said Terry Lanni,
Chairman and CEO of MGM MIRAGE. “The commitment of each of our employees
and the dedication of our management team has made this recognition
possible.”

To identify leaders from each industry category, Forbes ranked companies
within their industry by many financial metrics, including growth in sales
and earnings, leverage, stock market returns and earnings forecasts. From
these ranks, each company received a composite score. Next, a financial
analytics firm determined an overall score on each company for accounting
and governance practices, financial condition and earnings quality.
Finally, Forbes editors and writers looked closer at the top-ranked
companies in each industry and considered factors that might not show up
on a financial scorecard. From this process, the winners were selected for
each industry.
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